How the fiscal deficit, revenue target numbers stack up in Budget

Last updated on: February 06, 2019 21:29 IST

While the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections, reports Ishan Bakshi.

The Central government has projected its gross tax revenue to touch 12.2 per cent of gross domestic product (GDP) in the financial year 2021-22 (FY22).

But as seen in chart 1, while the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections.

On the other hand, non-tax revenue, which includes dividend and profits from public sector companies and the Reserve Bank of India as well as the revenue from communication services, is expected to remain at the same level in coming years, as shown in chart 2.